While Ingersoll-Rand Plc (NYSE: IR) reversed year ago losses of $10.27 per share to post a profit of 42 cents per share for the fourth quarter, the results fell short of analyst estimates and the manufacturer forecast disappointing first quarter earnings that missed expectations by a wide margin. The stock price dropped $2.65 to close at $31.26.
Ingersoll-Rand Falls Short
February 12, 2010 at 16:34 PM EST